From 1947 to 1994, GATT was unable to sponsor any round of negotiations to reduce trade restrictions.
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Q18: Quotas may be set on worldwide imports
Q19: Comparative advantage is the ability to produce
Q20: A tax that is levied on a
Q21: The World Trade Organization (WTO) was established
Q22: Devaluation decreases the cost of foreign goods
Q24: Trade restrictions limit choices for consumers but
Q25: A reduction of the value of a
Q26: The Doha Round of negotiations focuses on
Q27: Trade restrictions usually have no immediate or
Q28: Cultural barriers can impede acceptance of products
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